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InsideArbitrage Event Driven Monitor – August 10, 2023

  • August 10, 2023
Subscribe to receive our Event Driven Monitor by email every morning before the market opens. Merger Arbitrage CTG: Computer Task Group, Incorporated to be acquired by Cegeka Groep nv for $162.39 million or $10.50 per share in cash. DBTX: Decibel Therapeutics to be acquired by Regeneron Pharmaceuticals (REGN) for $109 million. Under the terms of the agreement, shareholders of Decibel Therapeutics will receive $4.00 per share, with an additional non-tradeable contingent value right (CVR) to receive up to $3.50 per share in cash upon achievement of certain clinical development and regulatory milestones for Decibel’s lead investigational candidate, DB-OTO, within specified time periods. AVID: Avid Technology (AVID) by an affiliate of STG for $1.4 billion or $27.05 per share in cash. DICE: Eli Lilly and Company (LLY) completed the acquisition of DICE Therapeutics (DICE). RADI: Radius Global Infrastructure announced that it has obtained all antitrust and direct foreign investment approvals required in connection with the Merger except for one foreign direct investment approval that remains outstanding. The parties still expect the Merger to close in the third quarter of 2023. You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here. Deals...

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